Job Description

Key ResponsibilitiesRisk Analytics, Intelligence & Surveillance (RAISe) is a unit set up within Singapore Consumer Financial Services (CFS) reporting into Group Head, CFS Risk and Prevention (R&P).RAISe team is tasked to put in place a strong risk surveillance and continuous monitoring framework and procedures to drive effective and timely risk management for CFS. This is to be achieved through leveraging on the use of technology and advance risk data analytics, risk scoring, detection and monitoring methodologies, to pro-actively identify, assess, report and work with various CFS business stakeholders to risk mitigate material risk trends and incidences to meet all regulatory and policy requirements, minimizing CFS risk to within acceptable risk appetite and achieve strong CFS risk and control oversight.Within RAISe there will be sub-teams, each led by a Risk Surveillance Manager reporting to the Head of RAISe, covering their respective risk surveillance and monitoring scope.xc2xb7 FAA/SFA & Market Conduct Riskxc2xb7 Financial Riskxc2xb7 Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) & Sanctions Riskxc2xb7 Operational, Fraud, Digital and Technology Riskxc2xb7 Risk Surveillance Managers are expected to operate in close support and collaboration across teams in risk identification and mitigation activities.The RAISe risk analyst plays an important role in the management, testing and detection of material risk and control lapses in the day to day operations of CFS businesses. The incumbent will report into the Risk Surveillance Manager, with opportunities to rotate, lead and take ownership in one of the following areas within their respective team:xc2xa7 Continuous audit risk insights and findingsxc2xa7 Continuous self-identified and monitoring risk insight, trending and findingsxc2xa7 CFS departmental control procedures and process testing and inspectionsThe individual is expected to contribute towards the success of RAISe in performing the following tasks as part of their career in RAISe:xc2xa7 Drive data analytics capabilities in the team to enhance risk detection including in the domain of Market Conduct and Financial risk.xc2xa7 Run end-to-end data analytics project to conduct thorough and effective risk surveillance and testing of business process control measures to assess its relevance and robustness.xc2xa7 Meticulous tracking of flagged risks, ensuring stakeholders and team thorough follow through on all required actions for closure.xc2xa7 Validate quality of reviews conducted by business stakeholders and report on material lapses.xc2xa7 Accurate and timely articulation, escalation and reporting of testing and review results to management and business stakeholders on material findings for risk mitigation actions, and good practices for ongoing educational, staff recognition and positive reinforcement.xc2xa7 Identify potential new risk insights or trends observed on the ground for active discussion with risk surveillance managers for further trending analysis.The Risk Analyst is expected to have regular active and tactful engagement and follow through working discussions with CFS departments during their review, testing, monitoring and reporting activities.Key Stakeholders ManagementInternal1. CFS Departments2. Group Audit3. Group Legal & Regulatory Compliance4. Group Operations & Technology5. R&P Advisory TeamsQualificationsEducational and Work Experiences:Diploma or Degree holders aspiring to develop a career in risk management and surveillance using data analyticsUnderstanding of the data analysis pipeline, data infrastructure and work well with large datasets.Possesses risk management, audit or compliance experience.Added advantage for individual with i) certification in risk governance &/or risk management related courses and/or ii) certification in data analytics related courses. Basic understanding of data analysis tools and languages such as Python, Excel VBA, Qlikview or PowerBI is preferred.Technical Skills:General understanding of regulatory requirements for retail banking products and services.Candidates who only possess either data background, regulatory understanding or audit background are also welcome to apply.Personal Traits:xc2xa7 Able to be versatile, proactively participate in team projects and recommend analytics solutions to solve issues where appropriatexc2xa7 Passionate in developing a career in risk management and compliance.xc2xa7 Independent self-starterxc2xa7 Strong analytical abilities and risk assessment acumen.xc2xa7 Committed and focused individualsxc2xa7 Positive and progressive behavioural traitsxc2xa7 Good team playerxc2xa7 Good written and oral communication skills and ability to interact effectively with people at different levelsxc2xa7 Forward looking and embraces technology and data analytics to drive efficient and effective risk management.

OCBC Bank